Modern economics is blind to questions of epistemology. In their attempts to portray economics as a neutral, value-free science, modern economists offer solutions to social problems that have no relation at all to reality. In The Coase Theorem, Gary North explodes the myth of value-free economics and suggests that modern economics is in a state of crisis. This crisis is epitomized by Nobel-prize winner R. H. Coase's theorem on the problem of social cost.